Pivot: 1306.00
Our preference: LONG positions above 1306 with targets @ 1334 1340.
Alternative scenario: The downside breakout of 1306 will open the way to 1298 1284.
Comment: a support base at 1306 has formed and has allowed for a temporary stabilisation.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1348** Horizontal resistance
1340** Horizontal resistance
1334* Horizontal resistance
1323.7 Last
1306** Intraday pivot point
1298*** Intraday support
1284** Fib retracement (38.2%)
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